132 2Nd StReno, NV 89501

Property Details for 132 2Nd St

Year built

2006

Construction

WOOD

Lot size

0.64 AC

Property size (Sq ft)

3,312 SF

Zone code

MDRD

Property type

Retail properties

Property subtype

Retail space

APN

011-072-15

APU

1107215

Description

This exceptional investment opportunity presents a 3,312 square foot, single-tenant storefront located at 132 E 2nd Street, Reno, NV 89501. The property, built in 2006, boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $296,479, reflecting a 100% occupancy rate. The current tenant, a well-established cannabis dispensary, has a proven track record of success in this high-growth area of downtown Reno. The property benefits from its strategic location adjacent to the new 369-unit BALLPARK multifamily development and Ace's Ballpark, ensuring high foot traffic and visibility. The 0.643-acre lot is zoned MD and features on-site security, reflecting a commitment to safety and operational efficiency. The building itself is a single-story, Class C structure with a NNN lease in place. This turnkey investment offers a compelling opportunity to acquire a stable, high-performing asset in a thriving Reno submarket. The asking price is $4,941,318.33. The property's APN is 011-072-15. This is a rare chance to own a piece of Reno's vibrant downtown core. The tenant has operated successfully at this location for over seven years.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.527

Longitude

-119.811

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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